Question

Abha purchased a house from avas parishad on credit if tge cost of the house is rs 64000 and the rate of intrest is 5 percent per anum compound half yearly find the instrest paid by abha after one year and a half​

Answer 1

Answer:

Given:

P= Rs 64000

R=5% p.a

n=1.5 years

When the interest is compounded half-yearly,

We have:

A=P(1+  

200

R

​  

)  

2n

 

A=64000(1+  

200

5

​  

)  

3

 

A=64000(1.025)  

3

 

∴A= Rs 68921

Also, CI=A–P= Rs 68921– Rs 64000= Rs 4921

Thus, the required interest is Rs 4921.